Bank of England to Carry Out Test to Gauge Finance Sector’s Resilience to Cyber Attacks

The Bank of England said it will carry out a test on Friday to gauge the financial sector’s ability to withstand a major cyberattack. According to the BoE, it will host a one-day exercise on Nov. 9 in partnership with the finance ministry and the Financial Conduct Authority.

“This exercise forms a vital part of the sector wide biennial process that seeks to ensure the industry is prepared for – and can respond effectively to – any major disruption stemming from a cyber Incident, protecting the financial system on which the public relies,” the BoE stated on its website.